Net profit of Shankara Building Products declined 92.50% to Rs 1.62 crore in the quarter ended March 2019 as against Rs 21.61 crore during the previous quarter ended March 2018. Sales declined 18.55% to Rs 619.66 crore in the quarter ended March 2019 as against Rs 760.81 crore during the previous quarter ended March 2018.

For the full year,net profit declined 55.64% to Rs 32.74 crore in the year ended March 2019 as against Rs 73.80 crore during the previous year ended March 2018. Sales rose 4.14% to Rs 2654.10 crore in the year ended March 2019 as against Rs 2548.67 crore during the previous year ended March 2018.

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Shankara Building Products announced that the Board of Directors of the Company at its meeting held on 09 May 2019, has recommended a Final dividend of Rs.1.5 per share (i.e.15%), subject to the approval of the shareholders.

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Shankara Building Products announced that the Annual General Meeting (AGM) of the company will be held on 25 June 2019.

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Shankara Building Products will hold a meeting of the Board of Directors of the Company on 9 May 2019.

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